ExxonMobil and Shell have decided not to proceed with a planned sale of their joint assets in the southern UK North Sea to Viaro Energy.  Despite months of work to complete the transaction, completion conditions have not been met and the deal has been subject of a lengthy review by the UK’s regulator, the North Sea Transition Authority (NSTA).  Last year, Viaro Energy signed an agreement to take over Shell and Exxon’s UK Southern North Sea assets, which are one of the largest and longest producing gas asset portfolios in the…

The UK on Wednesday awarded a record-breaking 8.4 gigawatts (GW) capacity of offshore wind in its latest auction round, which puts Britain “firmly on track to achieve its clean power mission by 2030,” the government said.    The Contracts for Difference AR7 auction secured offshore wind capacity capable of generating enough clean electricity to power the equivalent of 12 million UK homes.   “The results deliver the biggest single procurement of offshore wind energy in British and European history - confounding…